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HomePublic Utilities CodeDiv. 7Ch. 4Art. 6§ 16572 District Debt Refunding Authority

§ 16572 District Debt Refunding Authority

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 16572 District Debt Refunding Authority

Key Takeaways

  • •A district can pay back or cancel its old debts.
  • •This includes debts they took on themselves or from others.
  • •The rule was added in 1953.

Example

A school district has old loans for building a school.

The district can decide to pay back those loans early or cancel them if they have the money.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 16572 District Debt Refunding Authority

A district may refund or retire any of its existing or assumed indebtedness. (Added by Stats. 1953, Ch. 72.)

Last verified: January 23, 2026

Key Terms

districtrefundretireindebtedness

Related Statutes

  • § 125351 Federal Transit Funding Compliance
  • § 125352 San Diego Transit Funding Application
  • § 16571 District Bond Issuance Authority
  • § 16576 Emergency District Debt Authority
  • § 16577 District Debt Refinancing Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 16572.
View Official Source